10/23/2025 | Press release | Distributed by Public on 10/23/2025 14:31
Item 1.01. Entry into a Material Definitive Agreement.
On October 19, 2025, Alpha Modus Holdings, Inc. (the "Company") issued a promissory note (the "Alessi Note") to The Alessi 2023 Irrevocable Trust (the "Alessi Trust"), one of the family trusts of the Company's CEO, William Alessi, in the original principal amount of $714,285.71, in consideration of $500,000 in funding received by the Company from the Alessi Trust on or about September 15, 2025. The Alessi Note accrues interest at 8% per annum, matures on September 15, 2026, and is convertible into shares of Class A common stock of the Company at the election of the holder at a $5.00 per share conversion price.
On October 19, 2025, the Company entered into a securities purchase agreement (the "Haase-DuboscSecurities Purchase Agreement") with the Nancy Helen Wallace and Gerard Haase-Dubosc Family Trust (the "Haase-DuboscTrust"), pursuant to which the Company issued (i) a convertible promissory note to the Haase-Dubosc Trust in the original principal amount of $400,000 (the "Haase-DuboscNote"), and (ii) warrants to purchase 363,636 shares of Company Class A common stock at an exercise price of $1.10/share, for a total purchase price of $400,000 (the "Haase-DuboscWarrant"). The Haase-Dubosc Note accrues interest at 7% per annum, matures on October 15, 2026, and is convertible into shares of Class A common stock of the Company at the election of the holder at any time 6 months following issuance of the note at a fixed, non-variable conversion price equal to 80% of the 5-day volume-weighted average price on the first trading day following issuance of the note. The Haase-Dubosc Note and Warrants were issued to the Haase-Dubosc Trust on October 19, 2025.
The foregoing descriptions of the Alessi Note, Haase-Dubosc Securities Purchase Agreement, Haase-Dubosc Note, and Haase-Dubosc Warrant do not purport to be complete and are qualified in their entirety by reference to the full text of the agreements, copies of which are filed as Exhibits 10.1, 10.2, 10.3, and 10.4 to this Current Report on Form 8-K and incorporated by reference herein.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The disclosure provided above in Item 1.01 above is incorporated by reference into this Item 2.03.